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7 Side Hustles For Your 20s

7 Side Hustles For Your 20s

As a modern-day millennial, you’re likely stuck with mountains of student loans, bills, and the general stresses associated with that mystical art of “adulting.” Finding a successful “side-hustle” becomes an imperative way to supplement your income without having to pick up a second job. As a self-proclaimed side-hustle artist, I have weeded through various side hustles to find the most lucrative, money-making options for 20-somethings and beyond.

Mystery Shopping – A Closer Look

Mystery shopping (also known as secret shopping) is a method of quality control for business owners. Secret shoppers are hired to evaluate a business for cleanliness, customer service, and overall efficiency. A Closer Look is an award winning international mystery shopping company. The majority of shops require shoppers 21 and above, but some shops skew younger or older. Age evaluation shops often require shoppers between the ages of 21 and 29 to ensure that restaurants and bars are checking the identification of young patrons. A Closer Look features shops at restaurants, bars, hotels, gyms, concerts, and more. Most shops only reimburse you for the amount of your visit, but many will pay you simply for performing the shop.

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Clothing Resale – Poshmark

Unlike consignment shops, which will often take half of what your items are sold for, Poshmark takes only 20% of whatever your item is sold for (or $2.95…whichever is greater). You list and set the prices yourself. Shipping is included in the 20% fee, so all you need to do is print out the shipping label and plop it on the free priority mail packing materials available at USPS. Poshmark accepts men’s, women’s, and children’s clothing, shoes, and accessories. Earnings can be transferred directly to your bank account or you can request a check.

Amazon’s Mechanical Turk – mTurk

Interersted in getting paid to help with research? Amazon’s Mechanical Turk is a site powered by Amazon for non-computer related tasks. Tasks can include research studies at a university level or tasks such as flagging inappropriate images. You can sign up with an Amazon account and elect to have your earnings as an Amazon gift card or have them deposited into your bank account. While I was a student, I used my Mechanical Turk earnings to pay for all of my textbooks.

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Pet Sitting – Rover

Love animals? Pet sitters are needed in your area! Rover allows pet sitters to connect with pet owners in need of canine or feline care. You set your own rates and accept jobs based on your schedule. Pet owners are in need of dog walkers, short visits, long visits, in-home, and out-of-home care. Whether you’re willing to stay at someone else’s house or would prefer to host a pet in your own home, there’s a job for you. If you’re home for the holidays or summer, you’ll see an extra boost in inquiries as people travel on vacation.

Fiverr

If you have a unique talent or special skill, Fiverr could be the place for you to make money from home. Fiverr is, quite literally, a site of things people will do for $5. Categories include teaching English or foreign language classes via Skype, putting up posters at local businesses, editing papers or resumes, and more.

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Babysitting/Housesitting – Care

If you enjoy working with children, Care is a great place to be connected with families in your area in need of an occasional babysitter or long-term nanny. You are able to filter your requests by the ages of the children, the amount you would like to be paid, and the family’s distance from you. Care encourages to chat prior to booking a job to ensure that you are comfortable with the family, and the family is comfortable with you. Care also offers housesitting and errands for extra cash.

AirBnB/HomeAway

Have an extra room in your home you’d be willing to rent out? Travelers are looking for affordable alternatives to traditional hotels. Opening up your home not only puts money in your wallet, but offers a hospitality experience like no other. Travelers are typically from out-of-town, and your recommendations enhance their stay more than a stuffy hotel would. You name your rates and availability and can adjust accordingly based on special events taking place in your area.

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Flexibility is key in finding successful side hustles. While not all of these options will fit with your schedule 24/7, the ability to name your own prices and hours is key to staying steady.

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Melissa Manson

Media Planner and Buyer

7 Side Hustles For Your 20s Taking the Mystery Out of Mystery Shopping

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Last Updated on March 4, 2019

How to Use Credit Cards While Staying Out of Debt

How to Use Credit Cards While Staying Out of Debt

Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

Do Not Treat Credit Cards as Your Funding Sources

Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

Make Sure to Always Pay Off Balances in Full Each Month

The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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Using Credit Cards with Rewards

Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

Featured photo credit: Artem Bali via unsplash.com

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